Thursday, October 15, 2026

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FxWirePro: AUD/NZD tests trendline support at 1.0615, further weakness could see 1.05 levels

AUD/NZD has breached trendline support at 1.0615, negative setup could target 1.05 levels but some consolidation likely Consistant lower highs maintains downside pressure, momentum studies are neutral, 5, 10 & 20 DMAs tr…

By Jay L. Zagorsky
1 min read
FxWirePro: AUD/NZD tests trendline support at 1.0615, further weakness could see 1.05 levels
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  • AUD/NZD has breached trendline support at 1.0615, negative setup could target 1.05 levels but some consolidation likely 

  • Consistant lower highs maintains downside pressure, momentum studies are neutral, 5, 10 & 20 DMAs trend south  

  • Inverted cup & handle pattern observed on daily charts, price action is well below the cloud, RSI is at 34 and points south

  • Watchout for close below 1.0615 for further downside, 1.05 (Oct 30 lows) likely target, place stops at 0.0660
Resistance Levels:

R1: 1.0660 (Session high Dec 21)

R2: 1.0680 (Dec 18 high)

R3: 1.0692 (10-Day MA)

Support Levels:

S1: 1.0615 (Trendline support)

S2: 1.0584 (Dec 18 lows)

S3: 1.0558 (Oct 29 low)

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team